rkarora October 24, 2010 at 2:22 pm as it was suggested on oct. 3rd,2010. market may correct now. after making high of 6288, nifty has corrected even below 6000. now question is ? will it take support at 5930, 5700 or 5350

we can track stock market. yes! its possible. its all mathematics …………………….

November 29, 2010 at 5:19 pmireland got 113 billion dollor bail out. korean are also meeting with us , ussr and china next month. banking system is also on process of cleaning up. its 1st day after 2 months that good news have started flowing in

December 6, 2010 at 1:02 pmtoday it touched 6080 as mentioned earlier and reacted.now 6070 is trend decider. if nifty close above 6070 for 2 days than only it can move upward to 6200 ; otherwises chances are that it can test its bottom again.

as i was so sure that nifty will find support around 4850 and will start upward journey. i am hopeful that markwt may correct 40% of total upmove from range of 6388 plus minus 150 points. even if market correct upto level of 5600, bull run will be intact.

as it was suggested on oct. 3rd,2010. market may correct now. after making high of 6288, nifty has corrected even below 6000. now question is ? will it take support at 5930, 5700 or 5350 in the month of November?.

It was all suggested well in advise on October 3rd and October 24th that nifty will correct itself from the level of 6300 plus. Its all mathematics and GOD’S Grace only. China story or Korean War crop up after October 3rd only. Banking bribery cases or 2g scam also aggregated after October 3rd only. There was no signal of slow down or southward movement, but market corrected and corrected upto 5720 ( level given was 5700 for the month of November only, well in advance ( 2 months before ). Stock market is nothing but mathematics only…………………….

Wish you all HAPPY NEW YEAR 2011. ….. ………. …………… If government deals current problems smartly and quickly, scene can be much better for not only stock market but for whole economy. Still things are manageable.

Mallya happy to bring Gandhi’s heritage back to India

Fri, Mar 6 04:47 AM

Washington, March 6 (IANS) Indian liquor tycoon Vijay Mallya is very pleased with his purchase of a set of Mahatma Gandhi’s personal belongings including his iconic round-rimmed spectacles as he is bringing the national heritage home.

Tony Bedi, the representative of Mallya who bought the items for $1.8 million at an auction in New York, said his client is ‘really pleased with the purchase’ as ‘he is bringing the heritage of the items back to India’.

The circumstances of the auction were unusual, Bedi was quoted as saying by the New York Times.

Los Angeles collector, James Otis ‘had a double mind at the last moment,’ Bedi said, adding that he did not think Otis’s change of heart would prevent the sale from being finalised.

Inside the auction room was a mix between elite Indian-born businessmen and diehard watch collectors. One of the potential bidder was Sant Singh Chatwal, an Indian-American businessman who is close to former president Bill Clinton. Source : rediff.com

It was written on feb.01st 2009………………..

Market regulator SEBI has asked all the listed companies in the country to make disclosures on shares pledged by promoters within seven days and amended the relevant regulations on this.

Following its decision at a board meeting held on January 21, the regulator has outlined the norms for disclosure about pledged promoter shares in an amendment to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. source : economics times

Above news may impact market badly in coming week. And reaction may be sharp if foreign markets are also down. The world economy may be heading for a zero growth year in 2009 due to a deepening recession in developed countries, as per report published by UNCTAD. Back to home, dlf earnings slide by 69% and unitech registered fall in profits by 74%, mahindras by 99%. Its estimated, same trend may continue for another 2 quarters also. Job of 1500 are in question , if sale of jaguar land rover do not improve .Technically 2800 (5 days moving vag.) and 2886 ( 39 days moving average ) are major trend deciding zone, nay break out or down will establish the trend. Main upward resistance is 3142 and downward 2662 (2770 is light support ) is major support . in result of breaking any major resistance or support there is possibility of losing or gaining another 300 points.

Look the impact. Nifty has dropped from 2900 plus to 2550. now for once we can cover our position . there may be chances that market looks upward on short covering or pull back rally. 5 days rsi is @ 19. 5 days moving avg. is @ 2657. nifty may pull back to that level. Indusind bank and sintex looks good at these levels for long term as well as short term investment.2539 and 2501 are good support of nifty.

DISCLAIMER :- We can’t dictate the market. Its an observation only. May , may not hold good. Much depend on govt. policies ,economic & political scenario. Its more of an informatics’ article only. Presenter /writer is not liable or responsible for any personal or financial losses or profits.

for monday it was written market will slid, fundamentals are very weak. for tuesday trend decider was given 2817 and below that market corrected near to 3 % and again bounced to same level. its all mathematics …………………………………………………..